Funding you earn now, next payment 23:00 UTC−0.0753%/8h= −82.4% APRpaid last 24h −0.017%
Price spread now: MEXC against Backpack0.000%57s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now 0.000%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BERA_USDC_PERP | 0.2287 | 0.0853 | pay 0.0107% / 1h | 59m 18s | $37K | $149K | 5x |
| Short | MEXC BERA_USDT | 0.2287 | 0.0100 | get 0.0050% / 4h | 59m 18s | $1.2M | $423K | 20x |
Backpack BERA_USDC_PERP
MEXC BERA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$158.12
- Price spread: 0.000% → −0.017%
- $1.72
- Slippage, 4 orders
- −$28.26
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$202.66
- Costs to cover
- 0.463%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 19 min ago; MEXC: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 19 min ago | 0.22 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 2.19 bp | 13.4 bp −$13 | 39.1 bp −$391 | 260.8 bp −$26.1K | doesn't fit |
BERA on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BERA/USDC PERP | −0.5000% | 1h | 0.2154 | −5.815% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0418% | 1h | 0.2289 | +0.079% | $51K | $24K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0296% | 1h | 0.2259 | −1.224% | $9K | $45K | 50x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2288 | +0.052% | $63K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2286 | −0.040% | $13K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2289 | +0.087% | $5.5M | $13.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2285 | −0.087% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2285 | −0.087% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2286 | −0.044% | $337K | $388K | 50x | as long as short |
| MEXC BERA_USDTshort | +0.0100% | 4h | 0.2287 | 0.000% | $1.2M | $423K | 20x |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2286 | −0.044% | $557K | $224K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2286 | −0.044% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2287 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2274 | −0.560% | $84K | $49K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2281 | −0.262% | $106K | $2.7M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | −0.743% | $33K | $460K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2288 | +0.044% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2288 | +0.044% | $375 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0120% | 4h | 0.2291 | +0.175% | $289K | $89K | 75x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0187% | 1h | 0.2289 | +0.087% | $4K | $62K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2289 | +0.096% | $2K | — | 100x | as long as short |
| Hyperliquid BERA | +0.0235% | 1h | 0.2291 | +0.162% | $2.9M | $947K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0296% | 1h | 0.2288 | +0.044% | $4K | $2K | 5x | as long as short |
| Backpack BERA_USDC_PERPlong | +0.0853% | 1h | 0.2287 | long leg | $37K | $149K | 5x |
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Hyperliquid BERA
01 Exchange BERAUSD